Uber’s Remarkable Comeback Explained

[@ciermarinelli655]

At 7:05, Jack says, "Uber Eats is now the second biggest meal delivery app in the U.S. behind only DoorDash," but the chart has Uber Eats on top throughout, unless I misheard/misunderstood something.

[@williamthatsmyname]

Graphs, am I right

[@stephano353]

The graph its likely based on (from Bloomberg Second Measure) is designed so that the distance between each line is the amount of sales, not the height from the bottom. However as presented in the video, without the shaded area and percentages on the side, it makes it look like Uber and Postmates are the biggest.

[@ПётрБ-с2ц]

@@stephano353 funny, it's called "stacked" and it must have been filled to signify this

[@ThomasSankaramybeloved]

They dont even classify their drivers as employees, meaning they dont give any sort of benefits or cover costs of running a car. The gig economy is an awful thing

[@philoslother4602]

Cab drivers even before Uber didn't have those privileges :(

[@nejatia8745]

@@philoslother4602well yes because cab drivers did not own their cars, the cab companies they work for own them, and consequently beared all the maintenance, insurance, and fuel costs.

[@b3ans4eva]

A recent court case in NZ ruled Uber drivers as employees & not contractors. Obviously, they’re appealing the ruling but if it gets upheld, it could change the gig economy in the country.

[@jshaffer189]

this was not covered very well

[@Eoin-B]

Uber Ireland is only a licenced taxi app. Not a ride-sharing one. A few other countries on your map is the same.

[@ΣτελιοςΠεππας]

Greece is one of them. Taxi drivers lobbied hard, so now, in order to become an Uber driver, you need a professional driver's license and a taxi license. So, in short, you must be a vanilla taxi driver.

[@Wasnt-1]

please talk about how craigslist remains low cost whilst making billions a year

[@Chiefxyz]

advertising, classified listings, selling user data etc...

[@lilianthiriet6113]

​@@ChiefxyzAnd on the other hand, they're also spending very little, not many employees, not much R&D going on etc.

[@Wasnt-1]

@@Chiefxyz well that might be possible because craigslist is a privately owned company they're not obligated to show any information to the public which means they can pick what to show to the government privately they might be selling personal data like what facebook have done during the cambridge analytica scandal thing

[@Wasnt-1]

@@lilianthiriet6113 they only have 50 employees to run a outdated low cost website which means majority of that $700 million revenue they're making is almost pure profit not to mention shady business practices they might be doing out of the limelight 🤷🏻‍♂️

[@Hathur]

Genuine question... why do people use this service? I use it a few times here and there, namely to go to my regular doctor visits. It's ALWAYS more expensive than traveling by a taxi. By taxi, it typically costs me $17 to $19 Canadian. But anytime I use uber, it's always $25 to $32. I've tried also taking it to visit family.. again, ALWAYS several dollars more than a taxi. Also, when I call a taxi, at least here in Ontario Canada, the taxi driver has to pass a criminal background check as well as other approval processes to get his taxi license.. so there is a measure of reassurance at least that the person is not some psycho person with a car. Uber does not require any of these checks. If you're a woman like me, this can matter a lot. I've had two uber drivers make extremely unwanted passes and sexual coments towards me that made me feel so unsafe I demanded they let me out immediately. Yet in many hundreds of taxi rides, I've never had a taxi driver say or do anything towards me that made me feel unsafe. I genuinely don't comprehend the appeal of uber over taxis. Is it so drastically different in the US or Europe that people really prefer it so much over a taxi?

[@玄風-m9n]

In some countries that taxi scams are common, Uber is much safer as it tells you the price before your ride, not after.

[@Hecktor2-yt2gk]

There are places that don't have taxis

[@daudimasinde6280]

In a lot of countries cab prices aren't determined by a meter, rather you haggle over the charge with the cab driver. Worst case Ontario, especially if you're not a local, you might get way overcharged.

[@PedroHenriquePS00000]

The whole idea of an super app is stupid.... i hate when apps merge two or more functions that are completely different into one app... why are they pursuing this so bad... just built another sepperate app

[@testing6753]

Money. It's always about the money. They want to keep you in the ecosystem as long as possible and make money off of it via selling their products or ads, maybe both.

[@PedroHenriquePS00000]

@testing6753 i avoid using apps like that... and many of my friends do too. It sucks... feels like a chinese app or smth

[@SoulDuckling126]

Operating a taxi company without employees so no need to pay taxi drivers salary. Not to mention predatory pricing, which should've been investigated.

[@xingxing85]

He didn’t spend much time explaining how they turn around the business but spent 90% of the video time explaining Ubers downfall 😵‍💫

[@michaelball93]

Seems to imply that getting rid of their sleazy CEO was all Uber needed to do to save their entire business.

[@xingxing85]

If that is the case then I suppose this is a click bait video… not worthy of our time 😅

[@pierrex3226]

Customers got shafted. Uber now increased pricing so much that it's the same price to take a taxi. Which means drivers get shafted. The only winner in all of this is Uber, extracting rent from local transactions and local economies.

[@michaelball93]

Classic enshittification.

[@snomcultist189]

A dominant force in their industry? Yes. An everything app? Impossible. The free market would not allow it as you can’t do everything better than everyone.

[@toyotaprius79]

Your Uncle who's been a taxi driver for years should surely thank you...

[@enkephalin07]

We don't need another monolith. The ones we have are bad enough.

[@prfwrx2497]

Speaking from a Western perspective, I don't want super-apps. Do you know what that reeks of? Monopolies. More specifically, the worst kind of monopolies, where they don't just own the entire process of a good or service from cradle to grave, but they also own every goods and services you use. The guy I hail rides from doesn't need to know what I eat, what groceries I buy, where I send my parcels, or who I talk to. Super-apps blew up in China precisely because people were less culturally averse to conglomerates and monopolies, but we in the West spent centuries to break up such conglomerates and monopolies to culminate in the post-WW2 New Deal. Super-apps are a symptom of a massive step backwards for economic freedom - that is, freedom from monopolies, the freedom to have actual meaningful market competition. The top 0.001% wants to do things like how the conglomerates choke South Korea, China, and Russia. Let us resolve to not follow that path.

[@wolfhowl983]

Well that's another disappointing news story

[@gajrajsingh51]

nice hoodie, does anyone know the link to it?

[@caseclosed9342]

When I was in college in 2017 I had to do a presentation in class about Uber’s woes. Now it’s 7 year later and I’m a working adult and Uber is going strong…

[@ozelotsoffunT-jz2rt]

for all the drunk people trying to get home

[@Ziolek.2000]

Fuck sake I sold my Uber stock last year 😂

[@industrialmonk]

Don't use Uber will never use it. I always get a taxi the old fashioned way I speak to a human on the phone or in person.

[@wirmansyahchandrawijaya407]

Why

[@kingofhearts3185]

Is it cheaper where you live?

[@kingofhearts3185]

@@wirmansyahchandrawijaya407 Taxi is more expensive where I live, yes. I wasn't asking you.

[@WojtekGronwald]

Sorry but this video is at the very least ommisive and at worst misleading. The changes in Uber in recent years have made it possible to turn great profits but did it by creating the worst conditions for drivers and customers and is a textbook example of monopolistic behaviours. Not addressing it is just disrespectful to your viewers and I honesly don't know how in any good faith this kind of video can turn this into a narrative of success. The overall subscription services are predatory and don't act in the best interest of nobody but the profit margins. Fix your sh!t tldr!

[@12kenbutsuri]

Japan doesn't have uber

[@people287]

No? I used uber in Tokyo dozens of times in the last year. If memory serves me right, it was mostly a way to hail and pay for taxis, but it was incredibly convenient

[@12kenbutsuri]

​@people287 oh, maybe it changed then, at least when i was living there some years ago it was banned. Thank you for the update!

[@Ash-vt7uu]

Love business

[@toyotaprius79]

PUMP DUMP PUMP DUMP bbrrrrrrr

[@anshulmalviya8096]

Great analysis.

[@billweberx]

Unless Uber converts their service to incorporate Tesla Robotaxis, their business will crash in a few years. Who will want to use an Uber at 2-3 times the cost?

[@PoseidonOilRig]

Based morally dubious capitalist company

[@santostv.]

They always win, most people are idiots , blitzscalling Regular cab services in various countries didn’t develop a app to even try to compete Taxi cabs had already a bad reputation like using longer routes than needed ect. In some countries they were cheaper In Europe mass immigration probably also help them because nowadays people subjecting to gig work like uber,uber eat are usually immigrants. Uber is not a super app the close to it in “the west” is meta,alphabet and Microsoft still they aren’t 100% one

[@explodingwolfgaming8024]

Commenting 4 algorithm

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